Answer:
Real GDP will decrease by $50 billion.
Explanation:
In order to calculate the net effect of a reduction in consumption of $10 billion, we need to identify the multiplier first.
Multiplier = 1 / marginal propensity to save
Marginal propensity = 1 - marginal propensity to consume = 1-0.8 = 0.2
Multiplier = 1 /0.2 = 5
The net change then of a reduction by 10 billion = 10 * 5 = $50 billion
Hope that helps.
Answer:
Explanation:
Producer surplus can be defined as the difference between how much a person can receive by selling a good at the market price versus how much a person would be willing to accept for the given quantity of good.
The Perfect Price Discrimination (1st degree price discrimination) will occur when an organization charges a different price for every unit consumed.
Producer surplus is formally given as PS = TR( q ppdm ) 0 q ppdm MC(q)dq
Where TR is the Total Revenue
For total cost and the definite integral of marginal cost over the range of output, we find that PS = TR( q ppdm ) TC( q ppdm ).
That is the sum of the consumer surplus and producer surplus is the total gains from trade.
Answer: The correct answer is LONG; LONG
Explanation: A long position means the holder of the position owns the stock. A long position in a financial insteument means the holder of the position owns a positive amount of the instrument and has the expectation of an increase in value.
A short position refers to when the seller of the financial instrument does not own it.
The court which you were sentenced to go to. thats where i wrote mine to
Hello,
Question - The U.S. Supreme Court case United States v. Bagley compels the prosecution to disclose any evidence that the _________ requests.
Answer - "evidence that the defense requests"
Why - "Bagley claimed that the government had violated his due process rights by withholding evidence that the defense could have utilized to impeach the witnesses. The district court held that the evidence was not material because the outcome would have been the same. "
